Leisure/Arts

Great Wolf fetches 19% premium in Apollo buyout

SteveGelsi

NEW YORK (MarketWatch) -- Great Wolf Resorts Inc.
wolf
on Tuesday said it agreed to be bought by an affiliate of Apollo Global Management LLC
APO, -1.86%
for $5 a share in a deal that values the operator of indoor water parks at about $703 million. Apollo will pay a premium of 19% over Great Wolf's closing price of $4.19 a share on Monday.

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